Mesh Hits $130 Million Milestone with PayPal, Coinbase Backing

- New funding from PayPal and Coinbase pushes total capital beyond $130 million. - Investment to support expansion of global crypto payments infrastructure. Mesh is the crypto payments infrastructure company that powers PayPal’s “Pay with Crypto” feature. The company has secured additional backing from major investors, including PayPal Ventures and Coinbase Ventures. On August 14, 2025, The Block reported that this latest funding round brings Mesh’s total capital to over $130 million, reinforcing its efforts to expand the scope of crypto payments worldwide. Additional participants in the round include Uphold, ByBit, SBI Japan, Overlook Ventures, Kingsway Capital, Moderne Ventures, and CE-Ventures. Although the company did not disclose the exact funding amount, this round follows Mesh’s $82 million Series B from earlier this year and features settlements using PayPal USD (PYUSD), which is powered by Mesh’s proprietary technology. Founded in 2020, Mesh specializes in integrating crypto payment solutions into applications. The platform allows consumers to pay with over 100 different cryptocurrencies while ensuring merchants benefit from instant settlements in stablecoins or fiat currency. The SmartFunding orchestration engine is the core of Mesh’s technology and drives seamless transaction experiences. This infrastructure connects with leading exchanges like Coinbase, Binance, ByBit, and OKX, solidifying Mesh's influence within the crypto payments ecosystem. The new funding will support Mesh’s product innovation, expand its API offerings, and integrate more payment platforms. The company aims to create a global payments network for crypto transactions, aspiring to establish a presence comparable to that of Visa and Mastercard within the traditional payments industry. According to market data from August 14, at 16:09 UTC, PayPal USD (PYUSD) is valued at $0.999, reflecting a 0.004% change over the past 24 hours. Meanwhile, Ripple USD (RLUSD) remains steady at $1.00, with an identical 0.004% increase during the same period.